The Community Buzz

Obama Administration Rakes In Billions Off Struggling Students

The U.S. Department of Education is forecast to generate $127 billion in profit over the next decade from lending to college students and their families, according to the Congressional Budget Office.

Beginning in the 2015-16 academic year, students and their families are forecast to pay more to borrow from the department than they did prior to last summer's new student loan law, which set student loan interest rates based on the U.S. government's costs to borrow.